Several trends of bitcoin

On August 3, we analyzed the trend of bitcoin, gave a judgment of 5 waves at that time, and analyzed the target of the previous 2 times, also suggested that the target this time is the trend line, 12,000-12,200 usd. Now it seems that the rebound target has been achieved, and the following trend will face divergence.

Although the daily line out of the long market, macd has begun to diverging upward, but the probability of the daily line 8 even Yang is not very high, even if the rise will be adjusted, so we have a basic forecast of the future market, about 5 possible, we give the path for reference.

First of all, there are three paths of descent:

1. Stepping back on the trend line is supported and continues to rise;

2, low before stepping back to form a big 4 waves, and then high before this impact;

3. Step back to lower track of channel. This trend is relatively long, which is not like 4, but more like adjustment a after 5 failed waves.

There are two paths up:

1. After finishing today, continue to attack before high, and then do not set a new high, forming 5 waves of failure, began to fall, after and the above third case superposition;

2. After finishing, continue to hold high and hit a new high, but may form a greater level of deviation, after completing 5 waves, began to fall ABC.

So no matter take that kind of path, today the probability of shade is relatively large, and the intensity and time of adjustment, will determine the following path choice.

strategy

Stay on the sidelines and wait for the trend to confirm.